Sector No. 1 - Insurance Companies In 1992, Florida got hit by one of the worst Hurricanes on record - Hurricane Andrew. This hurricane impacted Homestead - a small town which is about 40 miles south of Miami. This tiny area had 63,000 homes - all of which were destroyed. The total damage came to $26 billion in insured losses - which is $60 billion in today's dollars. But unlike Andrew, which impacted a smaller area, Hurricane Milton is predicted to hit either the Tampa Bay or Fort Myers areas. These are more heavily populated and developed than Homestead was back in 1992. I believe this storm could result in over $100 billion in damage, and I'm being generous with that estimation. Even if Milton doesn't end up causing as much damage as weather experts predict, there will still be major problems considering the heavily developed areas its predicted to impact. That's why insurance companies are one sector to consider. These companies are going to be raising and even doubling their rates. They'll also be jacking up their deductibles. Sector No. 2 - Home Repair Companies Aside from insurance companies, I also believe home repair companies are going to be printing money after this storm. Companies that make sheet rock, drywall, roofing materials, and duct tape. All important protection and home repair materials for those in the storm's path. We've already closed a winning trade on Home Depot in less than 1 trading day in The War Room earlier this week. I'd suggest doing a search and find out which companies are making drywall - which a lot of drywall comes from China now. Also, since Hurricane Milton is going to pack high winds, I'd also suggest looking at the companies making roofing shingles since roof shingles are going to be blowing off. And because your deductibles are going to be $20-50,000, Florida residents are likely going to fix their houses themselves. YOUR ACTION PLANWhen it comes to a potentially historic weather event like Hurricane Milton, insurance and home repair companies key areas we'll be watching. If you want to start getting our weekly trade recommendations, I invite you to join us in Catalyst Cash-Outs. Every week Bryan and I make on specific trade based on the biggest catalyst events happening that week. Click here to start receiving all of our catalyst trades as we make them.
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